WMT Covered Call (Adding a second position)

9 Mac 2021

I am still holding my original WMT shares form my first covered call series of trades and hope to continue that trade soon with a new call. This trade is a second position of the same caliber. I bought 100 more share of WMT at $128.52, and sold a 128 call with expiration of 3/12/21 for a credit of $2.30 last week.

Break even for the trade is currently $126.46 and max profit in relation to entry of $130.82

12 Mac 2021

Dagangan aktif

Rolled out and up my second call, sacrificing 50 cents of premiums to chase the price higher. I'm not so comfortable with this idea, but that's what I get for not simply buying shares on a potential v shape recovery, at least partial recovery.

15 Mac 2021

Dagangan aktif

Rolled my second WMT call up and out again for another debit of 55 cents to my position, but a large increase to max gain, now at $373

22 Mac 2021

Dagangan aktif

Rolling out and Up for small credit. Just trying to keep up.

31 Mac 2021

Dagangan aktif

Rolling out and Up again; feel like I'm chasing my tail. I'm never excited to sacrifice premiums to add to gains. Next time I'll buy the shares and wait a bit to sell the call...

5 Apr 2021

Nota

NO CHANGES - Just an update here. I will hold steady where I am with this second covered call with WMT. Expiration is 46 days out; Underlying could too far away to be worth rolling higher, but I'm going to chance it. Lot of time to correct from today's jump.

26 Apr 2021

Dagangan aktif

I rolled my second covered call higher last week and forgot to update my posts. Details on are the screenshot. I would imagine a better roll could be found today.

28 Apr 2021

Dagangan aktif

Reviewed each leg in this trade and I had some errors, such as the last roll cost me 47cents... I've updated everything on paper, maybe a few digits off on my trend lines, but not by much. Latest roll accurate going all the way back.